It’s not gloom and doom for all companies during Covid-19. There are always winners in a crisis.
It’s the 1H2020 results season, I’ll highlight a handful of noteworthy companies that managed to turn this crisis into an opportunity.
#1 – Medtecs (SGX:546)
Net Profits Jumped 9,976%
Medtecs manufactures hospital textiles and personal protective equipment that were greatly needed during Covid-19.
What amazed me was Medtecs’s ability to rapidly increase its supply and capitalise on the increased demand! We all know that production takes time, ramping it up requires more facilities and new facilities don’t just appear from thin air.
Medtecs has shown great execution and they are now reaping the rewards. Its revenue and net profits increased by 391% and 9,976% respectively!
I checked their inventories level at the end of 31 Dec 2019 and found that it maintained at the about the same amount of $38m as with 30 Jun 2020....